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WH Economic Adviser Rouse: We Misjudged Inflation Because Thinking ‘Was Tied to the Pandemic’ – We’re ‘Still in the Midst of’ Pandemic
Breitbart ^ | 05/31/2022 | Ian hatchett

Posted on 05/31/2022 12:15:03 PM PDT by ChicagoConservative27

On Tuesday’s broadcast of “CNN Newsroom,” White House Council of Economic Advisers chair Cecilia Rouse stated that the White House incorrectly predicted inflation wouldn’t be a long-term issue because “what we understood about inflation at the time was it was tied to the pandemic. We are still in the midst of this pandemic.” And because Russia’s invasion of Ukraine has caused economic problems.

After playing clips of President Joe Biden in 2021 predicting inflation would be temporary and Federal Reserve Chair Jerome Powell predicting that inflation wouldn’t rise to major levels, co-host Victor Blackwell asked, “Those expectations, clearly wrong. Does the White House acknowledge that it got it wrong for too long?”

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: economic; inflation; misjudged; pandemic
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HUH? 🙄🙄🙄🙄
1 posted on 05/31/2022 12:15:03 PM PDT by ChicagoConservative27
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To: ChicagoConservative27

An elitist version of “the dog ate my homework”.


2 posted on 05/31/2022 12:16:24 PM PDT by rightwingcrazy (;-,)
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To: ChicagoConservative27

Where do the Democrats find these idiots?

There must be LSD in the DC water supply—nobody can be that stupid.


3 posted on 05/31/2022 12:16:55 PM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: ChicagoConservative27

Congress and The Fed’s fault.

Along with BGiXiden fundamental transformation of US petroleum to its imminent death.


4 posted on 05/31/2022 12:17:07 PM PDT by Paladin2
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To: ChicagoConservative27

It’s a pandemic so bad that there has to be government types and propaganda telling us there’s a pandemic.


5 posted on 05/31/2022 12:17:40 PM PDT by Rurudyne (Standup Philosopher)
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To: rightwingcrazy

These people really do think everyone is an idiot.


6 posted on 05/31/2022 12:18:59 PM PDT by MrRelevant
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To: ChicagoConservative27

Oh you misjudged?. Are they expecting us to say ‘- no problem. We all make mistakes’
Are they out of their minds?


7 posted on 05/31/2022 12:19:28 PM PDT by HollyB
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To: cgbg

Yes, they are that stupid. Doing the same thing over and over and expecting different results. The very definition of the word.


8 posted on 05/31/2022 12:19:41 PM PDT by abb
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To: ChicagoConservative27

The administration is admitting that they can’t walk & chew gum at the same time.


9 posted on 05/31/2022 12:22:21 PM PDT by Tallguy
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To: ChicagoConservative27

They screwed up because they failed economics 101 and have instead exasperated the problem 🤪

It was all perfectly predicted


10 posted on 05/31/2022 12:23:03 PM PDT by NWFree (Somebody has to say it)
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To: Paladin2

“...Congress and The Fed’s fault.
Along with BGiXiden fundamental transformation of US petroleum to its imminent death....”

^THIS^ bears repeating....over and over again, especially at every instance of excuse and/or blame game they come up with.
IT IS THEM that caused this BS....THEM alone.
THEY need to be forced to wear that dead albatross to their demise...like forever.


11 posted on 05/31/2022 12:23:13 PM PDT by lgjhn23 (Pray for America....)
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To: ChicagoConservative27

Went shopping this morning at several (four) stores. The number of people wearing masks, including young kids, is on the rise. It is truly depressing how easy it is for the government to coerce people into believing they are going to die or get violently ill if they don’t wear a mask. Even local temperatures in the mid-90s here in Central Texas is not enough to convince these people to forgo the masks. Forecasts have us in the low-100s starting Sunday. I bet the masks stay. Ugh.


12 posted on 05/31/2022 12:23:27 PM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: ChicagoConservative27

The Democrats plan to solve any problem:

Assign blame.


13 posted on 05/31/2022 12:26:16 PM PDT by FlipWilson
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To: ChicagoConservative27

It’s no longer a pandemic. It’s endemic now.


14 posted on 05/31/2022 12:27:07 PM PDT by backwoods-engineer (Hold on, y'all, 2022 is going to be a ride you won't soon forget!)
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To: All
6-B6-CD8-EB-F2-BA-4-A50-9-EC0-D45974844-DC0
15 posted on 05/31/2022 12:27:32 PM PDT by AnthonySoprano (Lindsey Graham: How can anyone be Mad at Joe Biden)
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To: Tallguy

The administration is admitting that they are wholly unqualified for their positions, have irrational marxist leanings, don’t know what a woman is (without consulting a biologist) and are dumb as a bag of rocks


16 posted on 05/31/2022 12:28:55 PM PDT by jpp113
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To: ChicagoConservative27

What pandemic?


17 posted on 05/31/2022 12:33:02 PM PDT by BenLurkin (The above is not a statement of fact. It is either opinion, or satire. Or both.)
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To: All
34-F71-F2-D-1993-485-E-92-C1-3305-FBCAE252
18 posted on 05/31/2022 12:37:03 PM PDT by AnthonySoprano (Lindsey Graham: How can anyone be Mad at Joe Biden)
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To: NWFree

Exacerbated, not exasperated.


19 posted on 05/31/2022 12:38:29 PM PDT by backwoods-engineer (Hold on, y'all, 2022 is going to be a ride you won't soon forget!)
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To: ChicagoConservative27

“We were wrong then, and we’re still wrong now, but don’t worry, we got our best people on it.”


20 posted on 05/31/2022 12:38:39 PM PDT by Attention Surplus Disorder (Apoplectic is where we want them)
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